Element Capital Management LLC bought a new stake in shares of HCA Healthcare, Inc. (NYSE:HCA - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,900 shares of the company's stock, valued at approximately $5,030,000. HCA Healthcare comprises about 0.2% of Element Capital Management LLC's holdings, making the stock its 29th biggest position.
Other large investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of HCA Healthcare during the fourth quarter worth about $1,021,000. NewEdge Advisors LLC boosted its position in HCA Healthcare by 11.9% during the first quarter. NewEdge Advisors LLC now owns 3,859 shares of the company's stock worth $1,334,000 after acquiring an additional 409 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in HCA Healthcare by 5.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 630 shares of the company's stock valued at $241,000 after acquiring an additional 33 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of HCA Healthcare during the second quarter worth $2,073,000. Finally, Sei Investments Co. increased its stake in HCA Healthcare by 56.3% in the second quarter. Sei Investments Co. now owns 136,589 shares of the company's stock valued at $52,328,000 after purchasing an additional 49,214 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company's stock.
HCA Healthcare Trading Down 0.1%
Shares of HCA Healthcare stock opened at $428.90 on Wednesday. The company has a fifty day moving average price of $398.59 and a 200 day moving average price of $442.83. HCA Healthcare, Inc. has a twelve month low of $353.99 and a twelve month high of $556.52. The stock has a market cap of $92.86 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.10.
HCA Healthcare (NYSE:HCA - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported $7.59 EPS for the quarter, topping analysts' consensus estimates of $7.56 by $0.03. The company had revenue of $20.23 billion for the quarter, compared to analysts' expectations of $19.76 billion. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.84 earnings per share. Analysts forecast that HCA Healthcare, Inc. will post 29.42 earnings per share for the current year.
HCA Healthcare Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.78 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. HCA Healthcare's dividend payout ratio is 10.45%.
Analyst Ratings Changes
Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $476.00 price target on HCA Healthcare in a report on Monday, July 27th. Barclays lowered their target price on shares of HCA Healthcare from $402.00 to $387.00 and set an "equal weight" rating for the company in a report on Monday, July 27th. Truist Financial decreased their price target on shares of HCA Healthcare from $535.00 to $495.00 and set a "buy" rating on the stock in a report on Monday, July 27th. UBS Group reduced their target price on HCA Healthcare from $635.00 to $579.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of HCA Healthcare in a report on Wednesday, July 15th. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HCA Healthcare presently has a consensus rating of "Moderate Buy" and a consensus target price of $462.64.
Read Our Latest Stock Report on HCA Healthcare
About HCA Healthcare
(
Free Report)
HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.
The company's core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA's services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.
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